AVAN-NAH is a group composed of 3 people who all live in the same neighborhood. This is the first time that this group requests a loan from ALIDé, in order to increase their business. The group representative, Kwassialé Hermance, is the one raising her hand on the picture. Kwassialé Hermance is 38 and lives in Benin. Kwassialé Hermance quit school at the primary level. She is married to an electrician named Norbert. They care for their 2 children, who both go to school. Kwassialé Hermance lives with her husband and her children. In order to meet the financial needs of her family, she has been selling cosmetic products and hair extensions from home for about 5 years. Kwassialé Hermance buys those items in markets in Benin and in Togo. In order to meet the needs of her customers as well as to increase her sales and her income, Kwassialé Hermance, along with the other members of the group, is applying for this first loan from ALIDé.
Le groupe AVAN-NAH est composé de trois personnes qui habitent le même quartier. C'est la première fois que ce groupe sollicite l'aide financier de ALIDé, afin d'élever le niveau de son activité. La représentante du groupe, du nom de Kwassialé Hermance est celle qui a la main levée sur la photo. Kwassialé Hermance est âgée de 38 ans et vit au Bénin. Kwassialé Hermance a arrêté l’école au cours primaire. Kwassialé Hermance est mariée à un électricien du nom de Norbert. Le couple a deux enfants tous scolarisés et à leur charge. Kwassialé Hermance vit ensemble avec son mari et ses enfants. Afin d'assurer les diverses charges de la famille, Kwassialé Hermance vend depuis cinq ans environs, des produits cosmétiques et des mèches à son domicile. Kwassialé Hermance s’approvisionne dans un marché du Bénin et au Togo. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Kwassialé Hermance sollicite ensemble avec les autres membres du groupe AVAN-NAH, un premier crédit auprès de ALIDé.
Alidé is a Beninese NGO that works to reduce poverty by offering sustainable access to productive loans like this one in addition to savings, training sessions, and social work to low-income families.
Supporters of this loan should be aware that there is some risk of being repaid late. Because the Beninois Ministry of Finance has imposed restrictions on the amount of money Alidé can send to Kiva, the organization can only send monthly repayments in installments smaller than $13,000. This means that some Kiva lenders may receive their repayments late. However, Alidé remains a healthy institution in good standing with its creditors, and Kiva would like to continue working to support its clients. For more information, please refer to Alidé's partner profile page.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.